strategy. >> the obama administration will put a huge focus in the term on reducing spending. one of the things he will look at is the cost of the transatlantic security relationship. >> a strategic rethink could have consequences for europe. president obama could push ahead with an idea floated up by the previous administration. >> donald rumsfeld wanted to eliminate american presence in europe. that will be on the agenda again. >> china clth town in washington, d.c. president obama has a special relationship with asia having spent part of his childhood there. it is likely to be the focus of his foreign and defense policy in his second term of office. >> barack obama has an interesting biography from a black father and white mother. he spent most of his yuse in indonesia or hawaii and has a natural understanding of the asia pacific region. in this regard he represents a new america. >> but what does that new america look like? we take a drive north of the white house along 14th street to an area populated by hispanic migrants. immigration is another key issue for obama's seco